Annual Skilling and Mentorship Obligations- Foreign Trade Policy 2023
The Foreign Trade Policy aims to develop a sustainable export ecosystem by leveraging the knowledge and experience of Status Holders to mentor and train aspiring exporters and young professionals.
Annual Updation of IEC-Foreign Trade Policy, 2013
• As per Paragraph 2.05 of Foreign Trade Policy, 2023 an IEC (e-IEC) is a 10-character alpha-numeric number allotted to an entity (firm/company/LLP etc.) and is mandatory for undertaking any export/import activities. With a view to maintain the unique identity of an entity, consequent upon introduction / implementation of GST, IEC shall be same as Permanent Account Number(PAN) and shall be separately issued by DGFT based on an online application.
Import Export Code
IEC (Import-Export Code) is regarded as key business identification number that is compulsory for purpose of export & import from India.
Status Holder Certification under Foreign Trade Policy 2023
Certain Exporter Firms can get Status Holder Certification under Foreign Trade Policy to get recognition under the policy as Business Leaders…
Filing of Softex Form by Exporters of Software and IT Enables Services
Exporters of softwares or IT enables services are required to file Softex Forms. Following type of exporters are required to file Softex Form
Employees’ Stock Option Scheme (ESOPs)
ESOP as defined under Companies Act, 2013 & issued under regulations issued by Securities and Exchange Board of India (for listed entities).
Form FC-GPR
When an Indian company issues equity instruments to a person resident outside India other than to the person resident outside India from who the inward remittance has been received, the form FC-GPR has to be filed
Form FC-TRS
Resident transferor/transferee or person resident outside India holding equity instruments on non-repatriable basis need to file Form FC-TRS
Downstream Investment and Form DI
‘Downstream Investment’ means an investment made by an Indian entity or an Investment Vehicle in the capital instruments or the capital, as the case may be, of another Indian entity
Form FC (Form – Financial Commitment)
Form FC requires Indian entities (as defined under the OI Rules) and resident individuals to provide information about financial commitments, including ODI, restructuring, and disinvestment, to RBI.